The cost of post-IPO Facebook to exceed $104B - the shares went for $38/ each

The largest social network Facebook has initiated its IPO: the company's shares were sold at $ 38 apiece. Therefore, the cost of the whole company will exceed $ 104 B.

Facebook has raised the price range for the IPO to $ 34-38 per share, compared with the previous range of $ 28 - $ 35. This was done on account of high investors’ interest in the shares of the most popular social network in the world. Earlier it was reported that due to the high activity of investors wishing to participate in the IPO, it was decided to close the order book for the initial public offering 2 days earlier than expected.

As of May, 18, Facebook and its shareholders have attracted a total of $ 16 B, and the price of the company will be more than $ 104 B, and it makes this IPO the largest one in the history of Internet companies.

Facebook shares will be traded on NASDAQ under the FB ticker and will begin today, May 18. A lot of people expect that the excitement accompanying the IPO of the social network, will contribute to the growth of stocks up to 50% during the day.